McDonald's stock jumps on results, plan

April 22, 2015 12:57 PM

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McDonald's stock rallied more than 2% in premarket trading Wednesday as the company announced a new turnaround plan to be revealed early next month.

Results, though nothing to brag about, were better than expected. The world's biggest fast-food company said it had a profit of 84 cents per share. Earnings were $1.10 per share, adjusted for non-recurring costs. That beat Wall Street expectations, which were $1.05 per share.